Nokia, VNPT team up to deploy first 10G broadband in Vietnam

By Tri Duc
Wed, May 24, 2023 | 11:49 am GMT+7

Nokia and VNPT will conduct the first deployment of 10G fiber broadband in Vietnam, providing connections to 10,000 homes and businesses in the eight biggest localities of the Southeast Asian nation, the Finnish tech giant announced on Tuesday.

Nokia headquarters in Espoo, Findland. Photo courtesy of Nokia.

Nokia headquarters in Espoo, Findland. Photo courtesy of Nokia.

The Finnish firm will provide fiber access nodes for the operator’s exchanges and fiber modems for end users. With the new technology, VNPT will offer customers a full choice of internet speed of up to 10 Gbits per second on the existing platform without having to install new fiber.

The project is VNPT’s first step towards high-class fiber-to-the-x (FTTx) services, which fulfill residential and business customers’ demand for higher bandwidth and service quality using the latest generation of 10 Gigabit Symmetrical Passive Optical Network (XGS-PON), said Dang Anh Son, CEO at VNPT Net Corporation.

“VNPT will work with Nokia to deploy cloud-based network management systems for the XGS-PON and enhance customer experiences through digital transformation solutions,” he added.

The state-owned telecom group VNPT reported an after-tax profit of VND6.63 trillion ($280 million) in 2022, exceeding its annual target by 4.6%. The telco's total revenue reached VND55.21 trillion ($2.34 billion), up 2% year-on-year and fullfilling 97.5% of the year's goal. VNPT's broadband service revenue maintained a growth rate of 6% in 2022.

Nokia is a long-term partner of telcos in Vietnam. In August 2022, VNPT and Nokia signed an agreement to promote private wireless (LTE/5G) deployment and solutions for smart ports and airports.

In September 2019, Nokia and Viettel, the biggest telecommunications business in Vietnam, broadcast the first end-to-end 5G network in Ho Chi Minh City. The launch positions Vietnam head-to-head with other countries in the region looking for an early commercial 5G rollout.

In February 2023, Nokia announced the completion of Vietnam’s first Dense Wavelength Division Multiplexing (DWDN) network with Viettel, a move that will “dramatically” increase capacity for the operator. This new Data Center Interconnect solution will enable Viettel to meet future requirements for low-latency, high-capacity, robust network for 5G, Cloud, and growing consumer demand for online video and internet usage, Nokia said.

Also in February, at the Mobile World Congress (MWC) 2023 in Barcelona, Spain, Nokia and Vietnamese telecom giant MobiFone signed a cooperation deal. Nokia will assist MobiFone with 5G technology and the export of infrastructure into the cloud, fix-wireless access service on its 5G platform, and commercialization of the latter’s 5G network.

Vietnam had 21.86 million fixed broadband subscribers as of the end of April, equivalent to 22 subscribers per 100 citizens, up 8.76% year-on-year, according to the Ministry of Information and Communications. The ratio of households using optical-fiber cable for internet connection was 76.68%, up by 6.68 percentage points year-on-year.

The country’s information-communications technology sector reaped a revenue of VND1,139.3 trillion ($48.49 billion) in the January-April period, the ministry added. The April figure was VND313.48 trillion ($13.34 billion), down 1% year-on-year.

Comments (0)
  • Read More
Vietnam stock market: Positive signals and investment opportunities

Vietnam stock market: Positive signals and investment opportunities

The Vietnamese stock market has been riding a wave of good news, including easing U.S.-China trade tensions, the successful rollout of the new trading system KRX, and a surge in newly opened trading accounts, opening up immense opportunities for investors.

Finance - Wed, May 14, 2025 | 8:17 am GMT+7

Gelex Electric majority shareholder of new tech firm

Gelex Electric majority shareholder of new tech firm

Gelex Electric, under Vietnam's leading multi-sector corporation Gelex Group, has announced a board decision on capital contribution to establish a technology company, bringing its subsidiaries to 10.

Companies - Tue, May 13, 2025 | 9:25 pm GMT+7

Vietnam’s auto sales in April increase 21% year-on-year

Vietnam’s auto sales in April increase 21% year-on-year

The Vietnam Automobile Manufacturers’ Association (VAMA) on Tuesday said that its members, not including VinFast and Hyundai, reported sales of 29,585 units in April, down 7% month-on-month but up 21% year-on-year.

Companies - Tue, May 13, 2025 | 9:16 pm GMT+7

Malaysia a prime site for nuclear plants: expert

Malaysia a prime site for nuclear plants: expert

Malaysia is a logical choice to host nuclear power plants given that it is less prone to tectonic activities such as earthquakes compared with its Southeast Asian neighbors, according to an expert.

Southeast Asia - Tue, May 13, 2025 | 9:07 pm GMT+7

Thailand sends trade proposal to US

Thailand sends trade proposal to US

Thailand has sent a trade proposal to the U.S., Prime Minister Paetongtarn Shinawatra said on Tuesday, as her government seeks negotiations to reduce U.S. tariffs.

Southeast Asia - Tue, May 13, 2025 | 9:01 pm GMT+7

UOB forecasts USD price at VND26,100 in Q2, VND26,300 in Q3

UOB forecasts USD price at VND26,100 in Q2, VND26,300 in Q3

Singaporean bank UOB's updated forecasts on the price of USD against the Vietnamese dong (VND) are 26,100 in Q2/2025, 26,300 in Q3, 26,000 in Q4, and 25,800 in Q1/2026.

Banking - Tue, May 13, 2025 | 4:15 pm GMT+7

US’s manufacturing service provider Key Tronic expanding in Vietnam despite tariff uncertainties

US’s manufacturing service provider Key Tronic expanding in Vietnam despite tariff uncertainties

Key Tronic, a leading American design and manufacturing service provider, is proceeding with the buildout of new production capacity in Arkansas (U.S.) and Vietnam despite tariff uncertainties.

Industries - Tue, May 13, 2025 | 4:01 pm GMT+7

Motorbike maker Piaggio plans €26 mln paint shop at Vietnam plant

Motorbike maker Piaggio plans €26 mln paint shop at Vietnam plant

Italian motorbike manufacturer Piaggio plans to build a new paint shop at its factory in Vietnam by 2027, with an expected investment of €26 million, according to its 2024 financial statements.

Industries - Tue, May 13, 2025 | 3:37 pm GMT+7

Vietnam stands out in human development amid global slowdown: UNDP

Vietnam stands out in human development amid global slowdown: UNDP

As the world enters the age of artificial intelligence (AI), Vietnam continues to maintain a strong standing in human development, defying a global slowdown, according to the United Nations Development Programme's (UNDP) 2025 Human Development Report.

Southeast Asia - Tue, May 13, 2025 | 3:26 pm GMT+7

Apple supplier Wistron plans 30% output boost in northern Vietnam

Apple supplier Wistron plans 30% output boost in northern Vietnam

Wistron Infocomm (Vietnam) Co., Ltd, under Taiwan-headquartered electronics manufacturer Wistron - a supplier to Apple, will increase its output in the northern province of Ha Nam by 30% and hire over 3,000 workers in the time ahead to support the ramp-up.

Industries - Tue, May 13, 2025 | 3:01 pm GMT+7

Stock of Vingroup’s hospitality arm Vinpearl hits ceiling price in market debut

Stock of Vingroup’s hospitality arm Vinpearl hits ceiling price in market debut

VPL, the ticker of Vinpearl JSC - the hospitality subsidiary of Vietnam's leading conglomerate Vingroup, surged 20% to its ceiling price of VND85,500 ($3.29) per share within the first trading hours on the Ho Chi Minh bourse Tuesday morning.

Finance - Tue, May 13, 2025 | 12:39 pm GMT+7

Vietnam welcomes Swedish investment expansion in digital economy, infrastructure: PM

Vietnam welcomes Swedish investment expansion in digital economy, infrastructure: PM

Vietnam welcomes Swedish companies to further invest in the areas that they have strengths in and align with Vietnam’s development priorities like the digital economy, infrastructure, and information-communication technology.

Economy - Tue, May 13, 2025 | 12:04 pm GMT+7

Vietnam, Belarus issue joint statement on establishing strategic partnership

Vietnam, Belarus issue joint statement on establishing strategic partnership

Vietnam's Party General Secretary To Lam and Belarusian President Aleksandr Lukashenko have signed a joint statement officially establishing a strategic partnership between Vietnam and Belarus, during the Vietnamese leader’s state visit on May 11-12.

Politics - Tue, May 13, 2025 | 11:23 am GMT+7

CEO of Covid-19 vaccine developer Nanogen dies at 59

CEO of Covid-19 vaccine developer Nanogen dies at 59

Ho Nhan, CEO of Nanogen - the first Vietnamese company to conduct clinical trials for a Covid-19 vaccine, passed away on Monday at the age of 59 due to heart disease.

Companies - Tue, May 13, 2025 | 11:09 am GMT+7

How easing US-China trade tensions could impact Vietnam's benchmark VN-Index?

How easing US-China trade tensions could impact Vietnam's benchmark VN-Index?

Analysts have turned bullish on Vietnam's benchmark VN-Index as the U.S.-China reached a positive tariff deal, delivering a wave of upbeat signals to financial investors.

Finance - Tue, May 13, 2025 | 10:50 am GMT+7

Vietnam's leading property developer Novaland denies 'panic selling' amid chairman-linked share divestments

Vietnam's leading property developer Novaland denies 'panic selling' amid chairman-linked share divestments

Novaland has denied allegations of panic selling following major planned divestments by entities linked to its chairman Bui Thanh Nhon, affirming that the moves are strategic steps to support its ongoing debt restructuring, not signs of instability.

Companies - Tue, May 13, 2025 | 8:17 am GMT+7